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Dec 31, 2012
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second hour. >>> we've been talking about the fiscal cliff if there's no deal to stop it. there has been symptom progress reporting this morning in the last couple of hours. we hear that democrats and republicans have a lot of work to do on key issues. there are sticking points here. we are expecting to hear from the president in about 15 minutes or so. 1:30 eastern. he's going to make a statement updating us on the state of negotiations. we'll bring in republican senator john ba wrassr barasso. we have heard an outline of kwhaets on the table. we heard the new threshold is $450,000 for a household. anybody above that, the tax cuts would expire. that is considerably high her than what the president offered initially, which was $250,000. does that sound like that's something acceptable to you? >> i think that there is some good news coming out today. things are moving in a positive direction. i do want the american people to have certainty. i he mean, they need to know what's going to happen come midnight tonight in terms of what they're paying in taxes. i'd like to see tax
second hour. >>> we've been talking about the fiscal cliff if there's no deal to stop it. there has been symptom progress reporting this morning in the last couple of hours. we hear that democrats and republicans have a lot of work to do on key issues. there are sticking points here. we are expecting to hear from the president in about 15 minutes or so. 1:30 eastern. he's going to make a statement updating us on the state of negotiations. we'll bring in republican senator john ba...
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morning we have gone over the fiscal cliff. now, it all depends on what happens in the house and that is no sure thing. details of the deal in just a few moments here. first, good morning of the welcome to news4 today. happy new year. i'm aaron gilchrist. >>> i'm erika gonzalez in for eun yang. today is tuesday, january 1st. happy new year everybody. >> 4, 3, 2, 1! . happy new year! >> i hope you got a good smooch. nearly a million revelers brought in 2013 in new york with lots of kisses and cheers. they jammed times kwar to see the crystal ball drop. crews are busy cleaning up the mess left behind. >>> as we take a live look outside here. 2013 off to a bit of a chilly start. not too bad right now. tom kierein is here with our first day of the year forecast. tom? >> good morning. there's a cloudy sky over the metro area. those clouds are producing a few scattered sprinkles. they're associated with a front coming through here. all these areas in green are mostly sprinkles. there may be a few scattered flurries mixing in. i stepp
morning we have gone over the fiscal cliff. now, it all depends on what happens in the house and that is no sure thing. details of the deal in just a few moments here. first, good morning of the welcome to news4 today. happy new year. i'm aaron gilchrist. >>> i'm erika gonzalez in for eun yang. today is tuesday, january 1st. happy new year everybody. >> 4, 3, 2, 1! . happy new year! >> i hope you got a good smooch. nearly a million revelers brought in 2013 in new york with...
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Dec 29, 2012
12/12
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cliff. it is a cliff that lawmakers built, they have set the tuesday deadline and knew it was coming for more than a year, but until now, even now they have done precious little to agree on taxes and spending cuts by that time. keeping them honest, the people in this building have known what is coming on tuesday, yet they're only returning to get to this building to get back to work just now. senators came back yesterday. house members? well, they wouldn't be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards president obama said he was modestly optimistic. by passing house speaker john boehner who has had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell, to lay out a deal. >> if we don't see an agreement between the two leaders and the senate, i expect a bill to go on the floor. and i have aske
cliff. it is a cliff that lawmakers built, they have set the tuesday deadline and knew it was coming for more than a year, but until now, even now they have done precious little to agree on taxes and spending cuts by that time. keeping them honest, the people in this building have known what is coming on tuesday, yet they're only returning to get to this building to get back to work just now. senators came back yesterday. house members? well, they wouldn't be back until sunday. this afternoon,...
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Jan 1, 2013
01/13
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senate has passed a compromise on the fiscal cliff. they did it early this morning. later today, the house of representatives will take up the bill. hopefully they'll do something before wednesday. >>> it's clear now early this morning there was a seven-car accident on new york avenue in the northeast section of the district. this is near the 3600 block around 2:30 this morning. but again it is clear now. >>> time 16:55. -- time is 6:55. one last check of traffic and weather on the first day of the new year when we come back. about honebuncheof oats uiblends andheir unique tas combitions. like pch/raserry. o avors. thne flavor the gnola bunch and e on t harmo. >>> one more thing before we go. the win against alabama state was just the start. the coach thanked the crowd for coming. then invited the boyfriend of senior center anna on to the floor. you know what's coming next. he dropped to one knee and, yes, he proposed. >> oh. >> didn't they do one of these where the woman said no? >> i think she's thinking yes. >> i think so. >> in this case she said yes. >> they may
senate has passed a compromise on the fiscal cliff. they did it early this morning. later today, the house of representatives will take up the bill. hopefully they'll do something before wednesday. >>> it's clear now early this morning there was a seven-car accident on new york avenue in the northeast section of the district. this is near the 3600 block around 2:30 this morning. but again it is clear now. >>> time 16:55. -- time is 6:55. one last check of traffic and weather...
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Jan 1, 2013
01/13
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KTVU
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senate passed bill early this morning to avoid the fief 5 and -- fiscal cliff and now they reconvene at 9:00 a.m. starting this morning and we will have a live report with details on this alleged legislation. one part passed extend portions through milk bills and without this legislation milk prices were expected to follow. >>> it is a new one and they are explaining why they arep not being received well from some officers, jeanine. >> reporter: well the mayor is scheduled to be here in about an hour but some tell us it is a surprise he will even show -- showing up. it is an annual tradition to publicly thank safety officials on new year's day but it is interesting to see how reid will be briefed here this morning. the mayor has been unpopular with officers ever since he championed a measure to reform pension plans and he said the mass our is i will look legalment and chris chief he more will be leaving after the highest years and property crimes are also on the rise and we will be talking about this and his plan from the new year's. jeanine tell vague. let check in for sal and i wou
senate passed bill early this morning to avoid the fief 5 and -- fiscal cliff and now they reconvene at 9:00 a.m. starting this morning and we will have a live report with details on this alleged legislation. one part passed extend portions through milk bills and without this legislation milk prices were expected to follow. >>> it is a new one and they are explaining why they arep not being received well from some officers, jeanine. >> reporter: well the mayor is scheduled to be...
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Dec 26, 2012
12/12
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south. >>> president obama cuts his christmas vacation short for the fiscal cliff. >>> and the longest high speed train. good morning. i'm richard lui. christmas was anything but merry for residents of the deep south. christmas packed a deadly punch. three residents are victims of the storm that hit four states as far south as texas. >> oh, wow, oh jr, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for right in this city center. it left lots of damage in its wa wake, blowing out first and second floor windows at the medical center and the roof at the high school. there are no deaths but tens of thousands are without electricity. it sent customers running for cover. >> he looked out the windows and said there is a tornado coming. i looked out, saw the debris flying around, got everybody and the customers an said, we need to run to the back and everybody huddle down. >> i probably hurt my baby grabbing her running for protection. there was no time. >> reporter: the twister was from a massive storm that stretched across the nation. earlier, a tor
south. >>> president obama cuts his christmas vacation short for the fiscal cliff. >>> and the longest high speed train. good morning. i'm richard lui. christmas was anything but merry for residents of the deep south. christmas packed a deadly punch. three residents are victims of the storm that hit four states as far south as texas. >> oh, wow, oh jr, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for right in this city...
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Dec 26, 2012
12/12
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a deal in the looming fiscal cliff crisis. some good news is expected today an economic report due later today is likely to show continued improvement in the housing market. there are also some early readings on the strength of the holiday shopping season. marcus will open at 630 this morning. >> samsung is seeking a ban on the import and sale of some ericsson products in the u.s., escalating a dispute over patent fees. the company is seeking to ban ericsson products that allegedly violate seven patents. the complaints at the trade commission followed a dispute over mobile technology patents that erickson brought before a u.s. district court after the two sides failed to agree on licensing terms. in november, ericsson said the samsung is seeking to drastically reduce the it pays to license patents. >> here is the san francisco skyline and dapsang and should be coming up. we do have ran off and on. we will be right back. >> welcome back. member of a sierra nevada ski resort patrol team who was injured after being caught in an a
a deal in the looming fiscal cliff crisis. some good news is expected today an economic report due later today is likely to show continued improvement in the housing market. there are also some early readings on the strength of the holiday shopping season. marcus will open at 630 this morning. >> samsung is seeking a ban on the import and sale of some ericsson products in the u.s., escalating a dispute over patent fees. the company is seeking to ban ericsson products that allegedly...
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Dec 24, 2012
12/12
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the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift through this week, including the latest on home prices and sales, consumer confidence and jobless claims. >>> it's not only investors but washington's failure to agree on a budget is affecting everyday americans' confidence about their finances. the university of michigan says its consumer sentiment index for december fell sharply from november's five-year high. more than one in four people surveyed cited concerns about higher taxes. >>> these are definitely the times we need comfort food the most. thank goodness twinkies, wonder bread and devil dog
the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift...
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Dec 31, 2012
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cliff is something that they recognized in the senate. and i also think that for senate republicans and even some democrats, it's not as much of an issue to be able to take home politically the idea of voting for a tax cut as opposed to a tax increase which the house would be doing tomorrow. also just the idea of momentum. they've got the momentum. they don't want to blow it if they've got it. >> you know this well. a lot of democrats especially liberal democrats, they're not happy that the president raised that $250,000 threshold to $450,000 since he had spoken of the $250,000 figure for months and months and months. ran his re-election campaign on it. >> and won. and there was a rebellion today among democrats in the morning. tom harken went on the senator floor and said he did not like the deal that was emerging. i don't know if that caused them to go back into the room and change some things or if some democrats just didn't know what the details were. but it took a lot of convincing by the white house, there were conference calls toda
cliff is something that they recognized in the senate. and i also think that for senate republicans and even some democrats, it's not as much of an issue to be able to take home politically the idea of voting for a tax cut as opposed to a tax increase which the house would be doing tomorrow. also just the idea of momentum. they've got the momentum. they don't want to blow it if they've got it. >> you know this well. a lot of democrats especially liberal democrats, they're not happy that...
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Dec 31, 2012
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back to you. >>> wall street is on fiscal cliff watch. so is cbs this morning and they are going to have secretary of state hillary clinton as a topic of discussion as well. >>> olga is going to have weather updates over the next 25 minutes. we'll see you back here tomorrow morning, hail to the redskins. happy new year.
back to you. >>> wall street is on fiscal cliff watch. so is cbs this morning and they are going to have secretary of state hillary clinton as a topic of discussion as well. >>> olga is going to have weather updates over the next 25 minutes. we'll see you back here tomorrow morning, hail to the redskins. happy new year.
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Dec 31, 2012
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. >> if you want the latest information on the fiscal cliff, you go to our home page just click the fiscal cliff banner at the top of the page. >>> dc police are investigating two fatal shootings in southeast over the weekend. early yesterday morning officers found a man unconscious in the 3400 block of crawford place. angelo alphonso pane later died at the hospital. saturday night a map was found shot to death on airs place. darnell rivers was found dead inside a car there. investigators have not made any arrest in either cases. >>> prince george's county authorities have now identified the early determinely woman killed friday night in greenville. investigators believe 86-year-old betty starry may have initially escaped a burning town house but went back inside to warn two other people. those two other people were hurt. they are being treated for serious injuries. both of them are expected to recover. >>> secretary of state hillary clinton is in the hospital this morning. doctors discovered a blood clot and they are concerned about that. reporter marley hall has more now from new york. >
. >> if you want the latest information on the fiscal cliff, you go to our home page just click the fiscal cliff banner at the top of the page. >>> dc police are investigating two fatal shootings in southeast over the weekend. early yesterday morning officers found a man unconscious in the 3400 block of crawford place. angelo alphonso pane later died at the hospital. saturday night a map was found shot to death on airs place. darnell rivers was found dead inside a car there....
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Dec 26, 2012
12/12
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president obama brings his christmas vacation short as the clock ticks down on the fiscal cliff. >>> and why are movies so long? >>> a look at the world's longest high speed train. good morning to you. i'm richard lui. christmas was anything but merry for residents of the deep south, where a winter storm packed a dangerous deadly punch. at least three deaths are being blamed on a severe weather system that spawned tornadoes in four states and dumped snow as far south as texas. the latest from alabama. >> reporter: oh, wow. oh, jesus, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for. a tornado caught on video as it touched down right this city center. emergency management officials say the twister left lots of damage in its wake blowing out first and second floor windows at the mobile infirmary medical center and the roof at the high school. so far no injuries or death, but wit trees and power lines down tens of thousands are without electricity. one store sent customers scrambling for cover. >> one customer looked out the window and said t
president obama brings his christmas vacation short as the clock ticks down on the fiscal cliff. >>> and why are movies so long? >>> a look at the world's longest high speed train. good morning to you. i'm richard lui. christmas was anything but merry for residents of the deep south, where a winter storm packed a dangerous deadly punch. at least three deaths are being blamed on a severe weather system that spawned tornadoes in four states and dumped snow as far south as texas....
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Jan 1, 2013
01/13
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. >>> kelly o'donnell is on capitol hill this morning with all the details of the fiscal cliff. >> good morning and happy new year, andrea. frantic rush of negotiations leading through this holiday. there has been a breakthrough that could affect everyone's pocketbook, but it happened with time nearly running out. three hours before the midnight deadline and the vice president arrived on capitol hill. >> happy new year. did you think we would be here new year's eve? >> reporter: joe biden moved from key negotiator to his pa y party's closer, meeting behind closed doors with fellow democrats to make his case for his package. >> you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money and number two, you surely shouldn't predict how the house is going to vote. >> reporter: instead of sweeping tax increases for everyone, new higher rates would hit those making over $400,000 a year, $450,000 for couples. plus higher rates on savings, investments and large inheritances. overall, tax increases of about $600 billion over ten years. both parties comp
. >>> kelly o'donnell is on capitol hill this morning with all the details of the fiscal cliff. >> good morning and happy new year, andrea. frantic rush of negotiations leading through this holiday. there has been a breakthrough that could affect everyone's pocketbook, but it happened with time nearly running out. three hours before the midnight deadline and the vice president arrived on capitol hill. >> happy new year. did you think we would be here new year's eve?...
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Jan 1, 2013
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cliff deal that passed the senate in the wee hours of the morning. biden is playing a major role in the negotiations. jessica yellin is at the white house. jessica, what is the mood after the vice president's meeting there? >> reporter: hi, deb. first of all, the vice president's motorcade just got back here to the white house. so clearly work continues. there is a sense still that things are progressing and this is going to come to completion. it's not surprising to anybody that there are concerns by democrats and that some of them would voice them. the vice president's meeting lasted about 90 minutes. obviously if everything was smooth sailing, it would have lasted much less time. so but they're used to that. vice president biden has done these deals now three times. and he goes up there and is sometimes the punching bag and listens to what democrats have to complain about, takes it all on board, explains to them. one person in the room i thk tweeted out and described it as a bit of a filibuster by the vice president. but he is done now and back an
cliff deal that passed the senate in the wee hours of the morning. biden is playing a major role in the negotiations. jessica yellin is at the white house. jessica, what is the mood after the vice president's meeting there? >> reporter: hi, deb. first of all, the vice president's motorcade just got back here to the white house. so clearly work continues. there is a sense still that things are progressing and this is going to come to completion. it's not surprising to anybody that there...
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Dec 31, 2012
12/12
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that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this morning. markets reacting quite like this, the dow down about 12 points, s&p positive by about three, and the nasdaq up about 15. meantime in hong kong, they are already celebrating the new year. this is a live picture of what's happening on the other side of the planet and that scene will be a lot more familiar to those on the east coast in just a few hours time. meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions becaus
that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this...
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Dec 26, 2012
12/12
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cliff. in a letter to starbucks employees made public this morning, chief executive howard schultz ask employees at its approximately 120 d.c. area stores to write come together on coffee cups when serving customers tomorrow and friday. starbucks plans to buy ads in the washington post and new york times loitered in the week as part of its come better campaign. rumors that the second generation ipad mini with a rat in a display is set to launch a head of apple's typical annual schedule next year have been swirling. it appears abels full-sized ipad may be sticking to its new semi annual release schedule. new reports suggest apple plans to launch a new thinner, lighter and 9.7 and ipad as soon as march of 2013. the fourth ipad model was just released last month along side the ipad mini, the march was also suggested in recent rat not ipad mini rumors. the time is 6:11 a.m. and we will be back in a couple of minutes. a live look at the approach to the bay bridge toll plaza. an oakland is 51 degr
cliff. in a letter to starbucks employees made public this morning, chief executive howard schultz ask employees at its approximately 120 d.c. area stores to write come together on coffee cups when serving customers tomorrow and friday. starbucks plans to buy ads in the washington post and new york times loitered in the week as part of its come better campaign. rumors that the second generation ipad mini with a rat in a display is set to launch a head of apple's typical annual schedule next...
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Dec 31, 2012
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of course over concerns about the fiscal cliff. the nasdaq lost more than 25 points and the s & p 500 was off by around 16 points. >>> real estate in ocean city is moving off the market at a very brisk pace right now. numbers from the coastal association of realtors shows a 25% reduction in the inventory of unsold condos in ocean city. that includes multi-million dollar properties. the data show contracts are up 14% year to date with settlements up 6%. inventory increased sharply from march through november after being flat from last december to last march. realtors say there is no single cause for this unusually busy sales market. >>> and there is redskins related financial news this morning. construction on the washington redskins training camp in richmond could start as soon as next week. the redskins have agreed to hold their summer training camp as part of an economic incentive deal with the state. the richmond city council approved an agreement thursday guaranteeing schools could use the facility. construction is expected to
of course over concerns about the fiscal cliff. the nasdaq lost more than 25 points and the s & p 500 was off by around 16 points. >>> real estate in ocean city is moving off the market at a very brisk pace right now. numbers from the coastal association of realtors shows a 25% reduction in the inventory of unsold condos in ocean city. that includes multi-million dollar properties. the data show contracts are up 14% year to date with settlements up 6%. inventory increased sharply...
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Dec 30, 2012
12/12
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to talk about the fiscal cliff. >> i'm arguing for maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left wing agenda. that used to be considered a republican mainstream agenda. >> joining me senator olympia sn snowe of maine. let me start with that. it does seem sort of counter intuitive to have republicans wanting to fight for tax hikes for no one and in that fight, being willing to allow tax hikes for everyone? >> you know, i would agree with that. obviously it is important to make sure that middle income america does not confront a tax increase at the beginning of next year, which is less than two days away. that is critical. the second part is, of course, is trying to address the spending cuts that are going to be crucial next year as well. more for the long-term debt reduction that i think republicans are talking about, but the bottom line is, we should pass this tax extension for middle income america before we adjourn this year. >> and what is -- what do you -- where do you think this will land? as we understand it now, t
to talk about the fiscal cliff. >> i'm arguing for maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left wing agenda. that used to be considered a republican mainstream agenda. >> joining me senator olympia sn snowe of maine. let me start with that. it does seem sort of counter intuitive to have republicans wanting to fight for tax hikes for no one and in that fight, being willing to allow tax hikes for everyone? >> you know, i...
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Dec 29, 2012
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three days from possibly going over the fiscal cliff. it's our focus this morning. if lawmakers fail to reach a deal, that would mean spending cuts and tax hikes for 88% of all american households come tuesday. look at these numbers from the tax policy center. some of the poorest americans who make up to $20,000 a year, will have to shell out $412 more to the irs and everyone earning more than $40,000 a year will be affected. if you make $40,000 to $64,000, you'll pay almost $2,000 a year, if you make between $64,000 to $108,000, that jumps up to 3,500. and anybody making more than $108,000, yeah, you'll have to give up a little more than $14,000. overall, the average american will pay more than $3,500 a year. will lawmakers be able to pull off a deal before the new year? here's cnn chief correspondent ali velshi. >> alison, i have no idea whether we'll get a fiscal cliff deal done or not. i do have a pretty good idea as to how we got into this gigantic pickle in the first place. >> now we've passed a bold package of tax relief for america's families and businesses.
three days from possibly going over the fiscal cliff. it's our focus this morning. if lawmakers fail to reach a deal, that would mean spending cuts and tax hikes for 88% of all american households come tuesday. look at these numbers from the tax policy center. some of the poorest americans who make up to $20,000 a year, will have to shell out $412 more to the irs and everyone earning more than $40,000 a year will be affected. if you make $40,000 to $64,000, you'll pay almost $2,000 a year, if...
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Dec 31, 2012
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remember this, if you haven't been following the fiscal cliff, take note. even if a deal gets done, taxes go up for many high income and likely big spending families. there is an economic impact either way. it is just perhaps the veseveri under question. >> when we talk about is the marginal propensity to consume. what does that mean? for every dollar that you either have or don't have, how much of that will you spend or not spend? the thinking is as we raise taxes on wealthier people, that margin propensity goes down. in other words, they don't spend every dollar they have, they save a bit of it, because they have more of it. the economic point of view is to get rid the tax hikes on middle class. it goes down the the higher up you go it goes down further. you are right to say that in general, economists in 2013, brian, are looking for fiscal contraction. the federal government will be a drag on growth. no matter what happens, taxes go up on some folks then spending cuts in the budget control act and so far as you notice, brian, they haven't said anything a
remember this, if you haven't been following the fiscal cliff, take note. even if a deal gets done, taxes go up for many high income and likely big spending families. there is an economic impact either way. it is just perhaps the veseveri under question. >> when we talk about is the marginal propensity to consume. what does that mean? for every dollar that you either have or don't have, how much of that will you spend or not spend? the thinking is as we raise taxes on wealthier people,...
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Dec 26, 2012
12/12
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WBAL
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cliff before the new year. president obama has cut short his hawaiian holiday. he'll come back to washington tomorrow night. nbc's danielle leigh is live. >> reporter: richard, good morning. there. is still a hope that a deal can get done, but confidence in that bargain with real reform has all but disappeared. americans are already taking a good hard look at their wallets, as confidence the country will avoid the fiscal cliff diminishes. >> i don't think there's going to be a grand bargain before the end of the year. there is hope a deal will be cut. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its support 1 in 4 american jobs and if the downward turn intensifies. for those, the wait is excruciating. president obama visit
cliff before the new year. president obama has cut short his hawaiian holiday. he'll come back to washington tomorrow night. nbc's danielle leigh is live. >> reporter: richard, good morning. there. is still a hope that a deal can get done, but confidence in that bargain with real reform has all but disappeared. americans are already taking a good hard look at their wallets, as confidence the country will avoid the fiscal cliff diminishes. >> i don't think there's going to be a grand...
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Dec 29, 2012
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possibly crosses over the fiscal cliff, that's our focus this morning, and if lawmakers fail to reach a deal, that would mean spending cuts and tax hikes for 88% of all american households come tuesday. nvk, most americans will shell out and average's $3,500 a year in extra taxes but the ripple effect of the cliff won't just stop at taxes. some fear banks will tighten up on consumer lending, meaning you might not be able to get the new loan for a car or a home. with me now is sheila bair, the former chairman of the fdic and author of the new book "take the bullhe horns." thanks for coming on with me. >> thanks for having me. >> president obama met with top party leaders friday saying he was moderately optimistic. with your washington negotiation experience, where do you really think they are in the process? are you really any closer to a deal, or is this just more posturing? >> i think this whole mess is really embarrassing spectacle. this should have been resolved long ago, and i do think, actually, they are going to get a deal, but i think it will be more along the lines of kicking
possibly crosses over the fiscal cliff, that's our focus this morning, and if lawmakers fail to reach a deal, that would mean spending cuts and tax hikes for 88% of all american households come tuesday. nvk, most americans will shell out and average's $3,500 a year in extra taxes but the ripple effect of the cliff won't just stop at taxes. some fear banks will tighten up on consumer lending, meaning you might not be able to get the new loan for a car or a home. with me now is sheila bair, the...
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Jan 1, 2013
01/13
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the senate passes a package to avoid the dreaded fiscal cliff. will the house do the same? melanie is live with what this means to you. >> from tokyo to new york city. celebrations around the world . later this hour, how to make a great resolution for 2013. and guess what? tips on how to stick to it. >> that's the biggest problem. >> that's the most important part. >> sure you think it's love but maybe your body is messing with you. how you may be able to tell the difference. plus a local sports star off the market. those stories coming up in our talkers of the day. good morning, everyone. >> good morning to you. >> i'm sarah simmons. >> i'm allison seymour. tony is off today . we're here to say happy new year. let's check out one of the count downs. that was the scene during the count down to 2013 in the big apple. where else right? more than a million people hit the chilly streets to watch the ball drop in times square. about a billion more watched on television. >> it's the best place. >> it was so comfortable in my base amount with my family watching it last night. it w
the senate passes a package to avoid the dreaded fiscal cliff. will the house do the same? melanie is live with what this means to you. >> from tokyo to new york city. celebrations around the world . later this hour, how to make a great resolution for 2013. and guess what? tips on how to stick to it. >> that's the biggest problem. >> that's the most important part. >> sure you think it's love but maybe your body is messing with you. how you may be able to tell the...
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Dec 31, 2012
12/12
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of course, as the fiscal cliff talks continue, the spoke points out that we have never had six losing days to end the year. we'll see if that happens today. currently, the dow is on track for a loss by about six points and the s&p is up 3 1/3. we'll continue to follow the fiscal cliff negotiations throughout the day here on cnbc including at 6:00 p.m. tonight where we have a special report hosted by brian sullivan and kelly evans. happy new year. we look forward to seeing you back here in 2013 as we hit noon on the east coast. let's get the "fast money halftime" back at hq. >>> all right, carl, thank you so much. welcome to the halftime show. four hours to go until the close and here's where we stand on this final trading day of the year. it is a mixed market picture. pretty tight reigns thus far for stocks. here's what we are following on halftime. gross profits. the man in charge of pimico's freerly $2 trillion in assets is here live with the best place to make money in 2013. >>> coffee talk. green mountain is up 95% over the past six months. now two of the traders debate whether th
of course, as the fiscal cliff talks continue, the spoke points out that we have never had six losing days to end the year. we'll see if that happens today. currently, the dow is on track for a loss by about six points and the s&p is up 3 1/3. we'll continue to follow the fiscal cliff negotiations throughout the day here on cnbc including at 6:00 p.m. tonight where we have a special report hosted by brian sullivan and kelly evans. happy new year. we look forward to seeing you back here in...
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right now the country remains without a deal on the fiscal cliff. although the senate's solution passed by an overwhelming majority this morning, the process has come to a screeching halt on the house side. the number two republican in the house, virginia congressman eric cantor, says he cannot support the bill as it stands now. many republicans say that they are upset the bill doesn't do much to cut federal spending. democrats are demanding the vote but house speaker john boehner has not agreed to let members vote or amend the bill. >> that's fair enough. some have principled opposition. you also have to be pic
right now the country remains without a deal on the fiscal cliff. although the senate's solution passed by an overwhelming majority this morning, the process has come to a screeching halt on the house side. the number two republican in the house, virginia congressman eric cantor, says he cannot support the bill as it stands now. many republicans say that they are upset the bill doesn't do much to cut federal spending. democrats are demanding the vote but house speaker john boehner has not...
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Jan 1, 2013
01/13
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. >> good morning, and happy new year. we begin with breaking news on the fiscal cliff. the senate approved the last-minute deal overnight, barely missing the deadline. the house could vote on it today. nancy cordes is on capitol hill with more this morning. nancy, good morning to you. >> reporter: good morning to you, terrell. happy new year. well there is one major hurdle left for this fiscal cliff deal that, is a vote later today in the house of representatives, perhaps as early as 1:00 in the afternoon. the senate voted well after the ball dropped in the early hours of the morning, passed overwhelmingly with lots of support from both sides. the final tally was 89-8. >> shouldn't have taken us this long to come to an agreement and this shouldn't be the model for how we do things around here but i appreciate the vice president's willingness to get this done for the country. >> reporter: vice president biden negotiated the deal with senate republicans over the weekend, but he also came to the hill last night to sell democrats on the plan some of whom thought there were
. >> good morning, and happy new year. we begin with breaking news on the fiscal cliff. the senate approved the last-minute deal overnight, barely missing the deadline. the house could vote on it today. nancy cordes is on capitol hill with more this morning. nancy, good morning to you. >> reporter: good morning to you, terrell. happy new year. well there is one major hurdle left for this fiscal cliff deal that, is a vote later today in the house of representatives, perhaps as early...
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Dec 31, 2012
12/12
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. >>> now to the latest on the fiscal cliff. just a matter of hours until we officially go over the edge. still no deal in sight. lawmakers scrambling this morning to put together an 11th-hour compromise or we'll be ringing in higher taxes along with the new year. jonathan karl is in washington. good morning, jon. >> reporter: good morning, dan. with taxes set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears that there are things that stop us from moving for
. >>> now to the latest on the fiscal cliff. just a matter of hours until we officially go over the edge. still no deal in sight. lawmakers scrambling this morning to put together an 11th-hour compromise or we'll be ringing in higher taxes along with the new year. jonathan karl is in washington. good morning, jon. >> reporter: good morning, dan. with taxes set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teeters...
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Dec 26, 2012
12/12
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the dow is up by 23 points as we continue to see what happens as we get closer to the fiscal cliff. >> we are also watching gas prices across the bay area. the average gas price for a gallon of regular gas is $3.60 in san francisco this morning. in the south bay the price is $3.48 today in san jose. across the bay in oakland the average is $3.49. this all compares to the state average in california at $3.52. >> starbucks is launching a politician's campaign this week in hopes that will get the ball rolling on averting the fiscal cliff. in a letter to star birks employees made public this morning, chief executive howard s \cc chultz next employees that is approximately 120 d.c. area stores to write come together on coffee cups on serving customers tomorrow and friday. starbucks plans to buy as in washington post and the new york times later in the week as part of its come together campaign. >> rumors that a second generation ipad mini with eight right now display is set to lions ahead of apple's typical annual schedule that share have been swirling. now it appears that apple's full- si
the dow is up by 23 points as we continue to see what happens as we get closer to the fiscal cliff. >> we are also watching gas prices across the bay area. the average gas price for a gallon of regular gas is $3.60 in san francisco this morning. in the south bay the price is $3.48 today in san jose. across the bay in oakland the average is $3.49. this all compares to the state average in california at $3.52. >> starbucks is launching a politician's campaign this week in hopes that...
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Dec 31, 2012
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this morning the clock ticking louder. the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington. christine romans is here to talk about the impact first, and alison kosik with how investors are reacting this hour. >>> first, another story. the health condition of the nation's top diplomat. this morning secretary of state hillary clinton is waking up now in a new york hospital. she is being treated for a blood clot that formed after her fall and concussion that happened a few weeks ago. want to bring in dr. sanjay gupta, our chief medical correspondent. sanjay, explain this for us because, first of all, when you think about it, she developed this blood clot related to a concussion. you would think maybe the clot formed in the brain, but that's not necessarily the case. >> no, it's not necessarily the case. and i think saying it's related to the concussion, that may be
this morning the clock ticking louder. the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington. christine romans is here to talk about the impact first, and alison kosik with how investors are reacting this hour. >>> first, another story. the health condition of the nation's top...
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Dec 31, 2012
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one to the new year, the other is to the painful fall off the fiscal cliff. democrats and republicans went to the bull pen on sunday, calling in their so-called closers. here is one, here is the other. vice president joe biden and senate minority leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big stumbling block has been avoided. republicans dropped their demand to reduce social security cost of living increases. >> i was really gratified to hear republicans had taken the demand for social security benefits off the table. truth is, they never should have been on the table to begin with there is still significant distance between the two sides, but negotiations continue. >> the
one to the new year, the other is to the painful fall off the fiscal cliff. democrats and republicans went to the bull pen on sunday, calling in their so-called closers. here is one, here is the other. vice president joe biden and senate minority leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these...
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Jan 1, 2013
01/13
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KPIX
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the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here, but i think we can say we've done some good for the country. >> reporter: if the bill eventually becomes law, the bush-era tax cuts will be permanently extended for everyone making less than 400 thousand dollars a year and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle class families. >> middle class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: the senate agreement delays $110 billion in spending cuts that were due to kick in today, for another two months. but because the bill doesn't address spending, getting it passed in the house could be tougher. >> the fact that the president won't challenge his party on spending cuts is disgusting. the fact that we're not where we need to be on revenues is disgusting. it's just disgusting. >> repor
the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here, but i think we can say we've done some good for the country. >> reporter: if the bill eventually becomes law, the bush-era tax cuts will be permanently extended for everyone making less than 400 thousand dollars a year and families making less than...
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Dec 28, 2012
12/12
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WBFF
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fixing tte fiscal cliff... one can at a tiie. ttme.the retiree who says he's just trying to make a point. t-jackson stops by fox45.he'll talk about his upcoming performance... at the baltimore comedy factory. you''e atching fox 45 morning news.. all local.. all ((break 3)) it'' been a long week so why not bbggn youu friday with a little laughter!our comeeian guest has been on nick cannon's "wild n out"...you haae seen him in "big mommas: like ffahhr,,like son"... and now he is here! 3 comedian brandon . jackson joins us this morning for funny friday!- how was your yyu have coming up? everrgot a 3 pto check showtimes loggon to &pfox baltimore dot om lash morning. cominn up... a sttangee letter... found mixed in with some halloween decorations. from... and te skepticism is - &pit's receiving..ou're watchin fox 45 mooning neew.. all local.. aal morning. -3 3 3 3 3 & 3 city olice say a woman who called 911... months ago... is her boyfriend. boyfrienn.on aagust 30th... 21- year-old onte harris was pound in a northwest baltimore alley.
fixing tte fiscal cliff... one can at a tiie. ttme.the retiree who says he's just trying to make a point. t-jackson stops by fox45.he'll talk about his upcoming performance... at the baltimore comedy factory. you''e atching fox 45 morning news.. all local.. all ((break 3)) it'' been a long week so why not bbggn youu friday with a little laughter!our comeeian guest has been on nick cannon's "wild n out"...you haae seen him in "big mommas: like ffahhr,,like son"... and now he...
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Dec 31, 2012
12/12
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KRON
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also the latest on the fiscal cliff with michael yaqui. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is self-imposed, it started two years ago. this is what they came up with. >> they have had a lot of time to look at this and a lot of people are thinking about the marche's curiosity. we want to send congress to mars right now with what's going on. my bet is we will not get a deal tonight, probably tomorrow. it expires that is okay. right now they are haggling over whether is going to be $450,000 tickets taxes or not. the democrats still want the employment extension and everyone wants the dock fixed which is the medicare reimbursement issue. they want to fix the amt patch which
also the latest on the fiscal cliff with michael yaqui. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is...
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Dec 29, 2012
12/12
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fiscal cliff. what will lawmaker do to save you from more taxes and fewer benefits? >>> the littlest pawns in a political fight. we'll talk to one woman whose hopes for adopting a russian son may have just been shattered. >>> and they're back. kathy griffin and anderson cooper ringing in new year's eve. but why was kathy's make itted on "a.c.'s" -- naked on "a.c.'s" couch? we'll explain. >>> good morning, it's 10:00 on the east coast, 7:00 on the west coast. i'm alison kosik. randi kaye is off today. we're just three days away from possibly crossing over the fiscal cliff. for the first time in weeks, there's some hope coming from washington. senate leaders are negotiating a deal they hope can go to a vote, go to a vote soon. cnn radio capitol hill correspondent lisa desjardins is in washington. you were on thrill yesterday for the political action between president obama, between congressional leaders. they sound more optimistic, at least president obama does. do you think we're any closer to a dea
fiscal cliff. what will lawmaker do to save you from more taxes and fewer benefits? >>> the littlest pawns in a political fight. we'll talk to one woman whose hopes for adopting a russian son may have just been shattered. >>> and they're back. kathy griffin and anderson cooper ringing in new year's eve. but why was kathy's make itted on "a.c.'s" -- naked on "a.c.'s" couch? we'll explain. >>> good morning, it's 10:00 on the east coast, 7:00 on the...
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Dec 31, 2012
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still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a plan by midnight tonight tax rates for all americans will increase. >> if there is an ultimate compromise, there will be parts of it i find disgusting and rep hencable which i may have to swallow in the name of finding a compromise. >> reporter: how will this effect you come tomorrow morning? if there is not a deal reach there won't be a drastic change in your next paychecks. if this plays out long-term the average american middle class family stands to lose out on $2,000 to $3,000 over the next year due to the increased taxes. live in washington kyla c
still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a...
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Dec 26, 2012
12/12
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and president obama is cutting his vacation short to continue talks on the fiscal cliff. joining us now is dan henninger from the wawr wall street journ. does he want to go over the fiscal cliff? some are saying he needs more than he would just get from the rich guys. >> i doubt that he wants to go over the cliff. and i must say, president obama has repeatedly referred to himself as the unique politician, he's different than everyone. there is no politician i know would want to get into a situation like this. and barack obama marchs to his own drummer and it's possible, but i kind of doubt it. >> you wrote a piece in the wall street journal, called "no guardrails", you said the old society kept the politicians in order in washington, self-order and self-restraint. all of those disappeared as a result of the "me" generation and you say that obama is the epitome of a the "me" generation president that he sees things from his perspective and won't bend. >> the original metafor, you do have guardrails on a highway, people drive 75 miles per hour and occasionally someone gets
and president obama is cutting his vacation short to continue talks on the fiscal cliff. joining us now is dan henninger from the wawr wall street journ. does he want to go over the fiscal cliff? some are saying he needs more than he would just get from the rich guys. >> i doubt that he wants to go over the cliff. and i must say, president obama has repeatedly referred to himself as the unique politician, he's different than everyone. there is no politician i know would want to get into a...
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Dec 29, 2012
12/12
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invesinvestors-a given word about the fiscal cliff. the dow lost 158 points, it is currently a five day losing streak in its longest since july. the nasdaq reported 25 points. >> banks rack up a record to $10.7 billion in fines in 2012. that includes what the banks paid to u.s. and state of 40's-but it does not include the billions more paid to european regulators. most of the fines were related to improper mortgage practices. >> making interstate phone calls could soon get cheaper. for prison inmates. prison call systems are different than normal pay phones. a typical 50 minute conversation current cost an average of $16. that is largely due to fees that call providers are allowed to charge prisoners in some states. here in new york, where fees are banned, rates can go as low as 5¢ a minute. but in places like colorado, inmates did charge almost 90¢ a minute. the sec is planning to open the public comment about reducing rates nationwide. >> the u.s. population is said to hit 350 million by the new year's day. it has an increase of l
invesinvestors-a given word about the fiscal cliff. the dow lost 158 points, it is currently a five day losing streak in its longest since july. the nasdaq reported 25 points. >> banks rack up a record to $10.7 billion in fines in 2012. that includes what the banks paid to u.s. and state of 40's-but it does not include the billions more paid to european regulators. most of the fines were related to improper mortgage practices. >> making interstate phone calls could soon get cheaper....
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Dec 31, 2012
12/12
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WMAR
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a meeting is set as lawmakers work to avoid the fiscal cliff. but the clock is winding down. i don't know about you, but i'm so tired of talking about this. >> i feel the exact same way. >> just go over the cliff, get something done so we can stop talking about it. >> it is cold out there. old man winter reminding us what time of year it is. a large part of the nation will ring in the new year with temperatures below freezing. >> it is hot as -- >> in the studio you mean. >> yes. >> maybe it's warm because i have my new slippers on that rob got me. >> that's not fair. >> you can put them in the microwave. >> really? >> yes. >>> but if warm, sunny skies are more your skityle, pasadena is e place to be. we'll see how an army of volunteers builds those majestic floats. >>> we begin with hillary clinton. the 65 yeermdz secretary of state is in a new york hospital suffering from a blood clot. >> a spokesman would not say where that clot is locate but said clinton is being treated with anti-coagulants and will remain in the hospital for the next 48 hours. abc's deadra bryant has mo
a meeting is set as lawmakers work to avoid the fiscal cliff. but the clock is winding down. i don't know about you, but i'm so tired of talking about this. >> i feel the exact same way. >> just go over the cliff, get something done so we can stop talking about it. >> it is cold out there. old man winter reminding us what time of year it is. a large part of the nation will ring in the new year with temperatures below freezing. >> it is hot as -- >> in the studio...
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Dec 26, 2012
12/12
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stand on the fiscal cliff. starbucks is telling workers and deliver in the washington dc area. >> and a television announcement that shocked the world. a defection in the syria government. . >>> tracking clouds and downpours this morning across parts of the bay area that limb pact the ride at least in the short term. here is the live camera. breaks in the clouds, we will take the updated look in just a few minutes. >> there is still a lot of work to do when it comes to the fiscal cliff. we are live in the washington dc bureau with the latest. >> reporter: if congress doesn't act immediately taxes will go up on all americans next tuesday. senate members are scheduled to get back to work tomorrow but there is no timetable for the house. many lawmakers pessimistic they will reach a deal. the president and the senate agreed to race taxes on houses making more than $250,000 a year. if the republican controlled house that's holding out. the house speaker wants a tax increase only for those making a million dollars or
stand on the fiscal cliff. starbucks is telling workers and deliver in the washington dc area. >> and a television announcement that shocked the world. a defection in the syria government. . >>> tracking clouds and downpours this morning across parts of the bay area that limb pact the ride at least in the short term. here is the live camera. breaks in the clouds, we will take the updated look in just a few minutes. >> there is still a lot of work to do when it comes to the...
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Dec 26, 2012
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of course, there's only one main story this morning. it's a familiar one. the looming fiscal cliff. aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. >> i think we're dealing now with whether or not we can put off the -- the increase in tax rates. that's really all we can deal with now. >> the next session of the senate is now set for tomorrow. the house has nothing on its schedule for this week. members have been told they could be called back within 48 hours' notice. meantime, and this i guess is also the big news, the white house saying the president's going to be flying back from vacation in hawaii today. a lot of people making something of that. i don't know what it means ultimately. >> well, one thing it means -- >> a show of something. >> if i had to get back from hawaii at a minute's notice, you know what it would be. the president will have an easier time of it, i think. right? >> i noticed a couple of news reports saying the cost of the last-minute flight is about $250 -- >> he's the president, he's
of course, there's only one main story this morning. it's a familiar one. the looming fiscal cliff. aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. >> i think we're dealing now with whether or not we can put off the -- the increase in tax rates. that's really all we can deal with now. >> the next session of the senate is now set for tomorrow. the house has nothing on its schedule for this week. members have...
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Dec 26, 2012
12/12
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hoping to strike a last-minute deal to avoid the fiscal cliff. >>> plus, deep discounts. if you're not sick of the mall just yet, you're going to find some great sales today. why a loss for retailers could be your gain. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a dog-napped
hoping to strike a last-minute deal to avoid the fiscal cliff. >>> plus, deep discounts. if you're not sick of the mall just yet, you're going to find some great sales today. why a loss for retailers could be your gain. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a dog-napped
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Dec 28, 2012
12/12
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happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't even see this potentially happening, if there is any kind of legislation that goes before december 31st, until probably that day, december 31st, because the pressure will have to be on to get enough republicans in the house and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now, right now, the most likely deal on the table seems to
happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what...
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the senate passed the fiscal cliff deal with an overwhelming bipartisan vote. it was 89-8. want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here that this deal will get done. and that they have wrapped up this -- this part of the process will be wrapped up today, suzanne. and you know, i'd say that there's also a sense here that the president did get a win. that's the view from this end of pennsylvania avenue. there are many different views on the other end. the sense here is that, for example, this is as they're saying in their talking points the first bipartisan agreement to raise taxes on the wealthy in 20 years. now, that is, in fact, an accomplishment for a democratic president they got a concession from the republican party to let taxes increase on
the senate passed the fiscal cliff deal with an overwhelming bipartisan vote. it was 89-8. want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here that this deal will...
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Dec 27, 2012
12/12
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of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many more times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and, in fact, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us going until february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. we heard a lot about taxes that w
of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many more times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and, in fact, the treasury department...
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Dec 27, 2012
12/12
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CNBC
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the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congr
the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night?...
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Dec 26, 2012
12/12
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will happen tonight to work on a fiscal cliff deal. don't wait for washington to reach a deal by the end of the year. coming up, what you can do right now to minimize the impact on your own bottom line. >>> jessica simpson used the holiday to confirm she is pregnant once again. she tweetd a picture of her 7-month-old daughter maxwell with the words "big sis." >>> in mobile, alabama, for us this morning, jim cantore. good morning. >> reporter: good morning, savannah. storm prediction center said we had as many as 34 tornadoes yesterday. average for the month of december is 26. church behind me here heavily damaged, two sections of the roof have been torn off and dropped below. christmas morning, that church was full of people and parishioners attending christmas service. power poles have been taken down as well. the last thing people in mobile expected on christmas day was to be cleaning up after a tornado. >> oh, my god! look at that. >> reporter: this was the scene in downtown mobile, alabama, late tuesday afternoon, a tornado touched
will happen tonight to work on a fiscal cliff deal. don't wait for washington to reach a deal by the end of the year. coming up, what you can do right now to minimize the impact on your own bottom line. >>> jessica simpson used the holiday to confirm she is pregnant once again. she tweetd a picture of her 7-month-old daughter maxwell with the words "big sis." >>> in mobile, alabama, for us this morning, jim cantore. good morning. >> reporter: good morning,...